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Accounting for Component Units / RAD Conversions

Apr 23
Registered individuals can access course links in their account dashboard.

Many agencies have taken steps to reposition their public housing portfolio through RAD conversions or low-income housing tax credits (LIHTC). As such, agencies also need to understand the reporting requirements for the new entities, i.e., component units, that are created because of these transactions. This session will discuss:

  • The major GAAP requirements for reporting component units, including GASB 14 (The Financial Reporting Entity) and the respective amendments, and
  • Various conversion scenarios and the reporting requirements for each scenario.

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